2019-10-03T17:06:56-05:00 2018-12-31 BDO USA LLP 9901 IH-10 Suite 500 San Antonio TX 78230 990 2018-01-01 742311260 TEXAS RESEARCH AND TECHNOLOGY FOUNDATION % DORA ANN VERDE TEXA 2108668073 1422 E Grayson Suite 300 San Antonio TX 78208 RANDY HARIG CEO 2105584696 2019-08-31 true N Ari Berlin P00665358 2103428000 4.14.20.210 70263520192765000008 2019-10-03 P C30AC3597BB41CBFE0C667E9F80569A6858B69D8 1EC388E0DF8E0E22290DFBDFE18B46FC11957E5A 2018 2019-02-21 02:37:17Z RANDY HARIG 1422 E Grayson Suite 300 San Antonio TX 78208 3901329 false X TEXASRESEARCHFOUNDATION.COM X 1984 TX THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIO-SCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION. 22 21 12 34 0 0 40355 34818 534082 774308 846753 918895 100550 9447 1521740 1737468 45000 35390 0 0 1253322 1503675 0 0 0 1122847 2556477 2421169 4095542 -899429 -2358074 25847922 22133231 1932181 2007274 23915741 20125957 X THE PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIOSCIENCE RESEARCH, MEDICAL EDUCATION & JOB CREATION SEE SCHEDULE O FOR ADDITIONAL INFORMATION. false false 3374135 35390 774308 TEXAS RESEARCH PARK OPERATIONS: TEXAS RESEARCH AND TECHNOLOGY FOUNDATION (TRTF) MAINTAINS THE NATURE TRAIL THAT IS OPEN TO THE PUBLIC & ALL OF THE GROUNDS IN THE 1200 ACRE PARK. PLEDGED SUPPORT OF INITIATIVES THAT EXTEND OVER THE NEXT YEAR: THE MCDERMOTT PRE-SEED FUND WAS ESTABLISHED TO FUND EARLY STAGE EMERGING TECHNOLOGY COMPANIES AND OPERATE A BUSINESS ACCELERTOR. 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The Foundation follows the provisions of ASC 740-10 Accounting for Uncertainty in Income Taxes, which requires recognition and disclosure of uncertain tax positions in the financial statements. The Foundations management believes that is has appropriate support for any tax positions taken and that it has no material uncertain tax positions. Accordingly, it will not recognize any liability for uncertain tax benefits. For the year ended December 31, 2018, the Foundation did not recognize any interest or penalties in the financial statements. Tax years 2015-2017 remain open to examination by the taxing jurisdictions which the Foundation is subject to, and these periods have not been extended beyond the applicable statute of limitations. limitations. limitations. true san antonio for growth on the eastside inc 220 chestnut san antonio TX 78202 742876270 501(c)(3) 10390 sponsorships san antonio hispanic chamber of commerce inc 200 e grayson st ste 203 san antonio TX 78215 742370616 501(c)(6) 6650 sponsorships biomed sa po box 5368 san antonio TX 78201 300104931 501(c)(3) 7500 sponsorships 2 1 SCHEDULE I, PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANTS NONE OF THE AMOUNTS PAID BY THE TEXAS RESEARCH AND TECHNOLOGY FOUNDATION WERE CONSIDERED GRANTS, BUT RATHER CONTRIBUTIONS THAT DID NOT REQUIRE ANY REPORTING. X X false false false false false false false false false RANDY HARIG CEO/PRESIDENT 364000 0 0 0 24500 0 0 0 388500 0 0 0 J YORK DUNCAN SR VP REAL ESTATE 174063 0 0 0 9901 0 2212 0 186176 0 0 0 JORGE VARELA CEO VELOCITY 176406 0 0 0 3938 0 12306 0 192650 0 0 0 FORM 990, PART III, LINE 1 - ORGANIZATION'S MISSION STATEMENT: THE ORGANIZATION'S PRIMARY MISSION IS TO BUILD A WORLD-CLASS CENTER OF BIOSCIENCE RESEARCH, MEDICAL EDUCATION AND JOB CREATION. THE GOAL IS TO PROVIDE HEALTH CARE BENEFITS FOR MANKIND. TO THIS END, A BUSINESS ACCELERATOR AND PRE-SEED FUND HAVE BEEN ESTABLISHED TO SUPPORT AND CONTINUE THE GROWTH OF BIOMEDICAL EDUCATION AND RELATED INDUSTRIES IN SAN ANTONIO AND BEXAR COUNTY. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENT: TECHNOLOGY-BASED ECONOMIC DEVELOPMENT: A QUARTERLY LUNCHEON PROGRAM WAS INSTITUTED WHEREBY EMERGING TECHNOLOGY AND EARLY STAGE TECHNOLOGY COMPANIES ARE INTRODUCED TO INVESTORS AND SERVICE PROVIDERS. TRTF SUBSIDIZED THESE EVENTS, THE GOAL OF WHICH IS TO ADVANCE THE RESEARCH AND GROWTH OF THESE COMPANIES. IN ADDITION, EFFORTS TO RAISE RESOURCES CONTINUE TO SUPPORT TECHNOLOGY-BASED ECONOMIC DEVELOPMENT PROJECTS, TO CONSTRUCT LABORATORY FACILITIES FOR START-UPS AND TO PROMOTE THE EXPANSION OF THE UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER WEST. LEASING OF PROPERTY TO SUPPORT RESEARCH: TRTF LEASES LAB, MANUFACTURING, AND OFFICE SPACE AT THE TEXAS RESEARCH PARK AND THE VELOCITYTX, LLC INCUBATOR FACILITY FOR RESEARCH AND MEDICAL PURPOSES. THE WATER ACCELERATOR PROGRAM WAS FUNDED BY THE TEXAS WORKFORCE COMMISSION. FORM 990, PART VI, SECTION B, LINE 11B - PROCESS TO REVIEW THE FORM 990: AN OUTSIDE ACCOUNTING FIRM PREPARES AND FILES THE ORGANIZATION'S FORM 990. MANAGEMENT CONDUCTS A REVIEW OF THE DRAFT AND PROVIDES IT TO EXECUTIVE COMMITTEE FOR REVIEW. THE FINAL DRAFT IS PROVIDED TO THE ENTIRE BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C-MONITORING THE CONFLICT OF INTEREST THE POLICY IS INCLUDED IN THE EMPLOYEE POLICY MANUAL AND IS APPLICABLE TO THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE, ALONG WITH THE PRESIDENT AND CEO, MONITORS FOR COMPLIANCE AND REVIEWS ANY POTENTIAL OR ACTUAL CONFLICTS. ANY MEMBER OF THE GOVERNING BODY THAT HAS A CONFLICT OF INTEREST ON A PARTICULAR MATTER IS REQUIRED TO ABSTAIN FROM VOTING ON THAT MATTER. FORM 990, PART VI, SECTION B, LINE 15A - REVIEW OF TOP MGMT COMPENSATION A THOROUGH REVIEW IS CONDUCTED AND PERFORMED IN CONJUCTION WITH THE ANNUAL BONUSES AWARDED AT YEAR END BY THE BOARD OF TRUSTEES. THE REVIEW IS RECORDED IN THE MEETING MINUTES. DURING 2018 THE BOARD COMMISSIONED A COMPENSATION STUDY TO DETERMINE THE REASONABLENESS OF THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION B, LINE 15B - COMPENSATION: TEXAS RESEARCH AND TECHNOLOGY FOUNDATION DOES NOT PROVIDE COMPENSATION TO ANY OTHER OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 - HOW DOCUMENTS ARE MADE AVAILABLE: THE FORM 990, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS WILL BE PROVIDED UPON REQUEST TO THE PUBLIC. VELOCITYTX LLC 1422 e grayson ste 300 SAN ANTONIO TX 78208 273188112 BUS. ACCEL TX 1279595 19148 SEE PART VII MErCHANT ICE LLC 1422 e grayson ste 300 SAN ANTONIO TX 78208 RE HOLD. CO. TX 985621 6103232 SEE PART VII SCHEDULE R, PART I - DISREGARDED ENTITY INFORMATION TEXAS RESEARCH AND TECHNOLOGY FOUNDATION IS THE CONTROLLING ENTITY FOR THOSE SPECIFIED ON SCHEDULE R.